Moody Lynn & Lieberson LLC Acquires Shares of 788 CyberArk Software Ltd. (NASDAQ:CYBR)

Moody Lynn & Lieberson LLC acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 788 shares of the technology company’s stock, valued at approximately $230,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Montag A & Associates Inc. purchased a new position in CyberArk Software in the first quarter valued at $27,000. Mather Group LLC. acquired a new stake in shares of CyberArk Software in the second quarter valued at about $27,000. ORG Partners LLC acquired a new stake in shares of CyberArk Software in the second quarter valued at about $33,000. 1620 Investment Advisors Inc. acquired a new stake in shares of CyberArk Software in the second quarter valued at about $39,000. Finally, Arcadia Investment Management Corp MI grew its position in shares of CyberArk Software by 42.2% in the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

CyberArk Software stock opened at $290.04 on Friday. The company’s 50 day simple moving average is $282.18 and its 200-day simple moving average is $262.30. The company has a market capitalization of $12.26 billion, a price-to-earnings ratio of -453.19 and a beta of 1.12. CyberArk Software Ltd. has a 1 year low of $154.76 and a 1 year high of $308.63.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The firm had revenue of $224.71 million for the quarter, compared to the consensus estimate of $219.06 million. During the same period in the prior year, the firm earned ($0.58) EPS. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. Equities analysts expect that CyberArk Software Ltd. will post -1.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CYBR has been the topic of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research report on Friday, August 9th. Royal Bank of Canada initiated coverage on shares of CyberArk Software in a research report on Friday, September 20th. They issued an “outperform” rating and a $328.00 target price on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 target price on shares of CyberArk Software in a research report on Friday, August 9th. BTIG Research lifted their target price on shares of CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Wedbush boosted their price target on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. One analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $306.58.

CyberArk Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.